FGI Industries Ltd reports results for the quarter ended in June - Earnings Summary

FGI Industries

09/08/2023 22:58

* FGI Industries Ltd  FGI.OQ  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 5
cents per share.
    * Revenue fell 38.9% to $29.19 million from a year ago;
analysts
expected $30.23 million. 
    * FGI Industries Ltd's reported EPS for the quarter was 1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 152.6% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * FGI Industries Ltd shares had risen by 6.1% this
quarter and
lost 14.7% so far this year.
    * The company reported quarterly net income of $88 thousand.
    * Wall Street's median 12-month price target for FGI
Industries
Ltd is $4.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:58 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.05          0.01           Beat
 Mar. 31 2023      0.04           -0.02          Missed
 Dec. 31 2022      0.12           0.10           Missed
 Sep. 30 2022      0.12           0.11           Missed